Form the adjusting journal entries for the following. Sa

Form the adjusting journal entries for the following.
Sams Company as of 12/31/2009
Form the adjusting journal entries for the following.
Sam needed some additional storage space so on March 1 2009 they rented a unit for an annual rate of $10200. The entire amount was expensed when paid.
On August 1 2009 Sam issues a 9-month note receivable to Mike at an annual interest rate of 5%. Principle and interest will be paid at the end of 9-motnhs. The note was recorded in Notes Receivable and is the only note outstanding.
Depreciation for the year is based on the following:
Straight line depreciation
Store equipment- Assets were held for the entire year Residual Value=$5000; Service life is estimated to be 10 years
Office equipment- Assets were held for the entire year; Residual Value $7000; Service life is estimated to be 5 years
At 12/31/2009 based on the aging method Sam determines that uncollectibles are $8250.
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